Asian markets drop after French vote.

Winter Woman

Winter Woman

Well-Known Member
[h=1]Asian shares fall after French election results[/h]
Investors have been concerned that a roll back of austerity measures may escalate the debt crisis

Continue reading the main story [h=2]Related Stories[/h]

Asian markets have dipped on fears that the eurozone may have to rein in austerity measures that some see as key to solving the region's debt crisis.


It follows the election of Francois Hollande, who has declared he wants more emphasis on growth rather than austerity, as French president.


Japan's Nikkei 225 index fell 2.3%, South Korea's Kospi shed 1.5% and Australia's ASX 200 dropped 1.3%.
The euro also fell to a three-month low against the US dollar in Asian trade.


"Investors are concerned on whether the eurozone fiscal compact will survive," Arjuna Mahanedran of HSBC Private Bank told the BBC. "That is key to the solving the region's debt crisis."


When Hollande said he was going to tax the rich at 75% they started to move their assets even before the election. Socialist just don't get it.
 
Winter Woman

Winter Woman

Well-Known Member
Oil drops to a four month low on Greek and French votes.

Kiwi dollar drops

Sony drops to a new low on weaker Euro

Japan market drops

Dow futures down -130
S&P down -14.90
FTSE 100 down -113.
Bolsa down -168
Brazil down -1322
DAX down -134.50

Tomorrow should be fun.
 
RyanTheRhino

RyanTheRhino

Well-Known Member
The US market is not looking good either. The huge 150 point drop along with negative hype of slow job growth has been building up over the weekend. I think the dow will drop another 100 points tomorrow.
 
Winter Woman

Winter Woman

Well-Known Member
RyanTheRhino said:
The US market is not looking good either. The huge 150 point drop along with negative hype of slow job growth has been building up over the weekend. I think the dow will drop another 100 points tomorrow.
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Easily 100. A couple of weeks I was flipping between cnbc, bloomberg and fox business when I noticed that for just a moment that the dow, nasdaq, most of europe, oil, gas, n. gas, silver and gold were all down. Then snap it changed in a heart beat.

Where do you go when everything goes down?
 
RyanTheRhino

RyanTheRhino

Well-Known Member
I saw this coming so am selling short a bunch of tech companies like Sonny and intel. The Nasdaq is always more volatile so i am going to use this to my advantage. Plus we are at the top of a local max so when the market drops people are not going to pump money in because the stocks are cheaper. I guess what i am saying is when the market is at a low or medium point and it drops 100 points people jump to buy the stock at a cheaper value because there my still be potential growth.

I short when i see the market going down. its more risk but pays better.
 
N

NoDrama

Well-Known Member
90% of what Fox Business, MSNBC, CNBC, CNN and Bloomberg say about the markets and the economy is cheer leading and not much else.

Europe will NOT get things fixed and neither will we.

View market action to the downside as opportunity to get good deals on things that won't devalue to a state of worthlessness 10 years from now.
 
Canna Sylvan

Canna Sylvan

Well-Known Member
I think this is all a ploy, like the housing bubble, to get people to buy precious metals. As soon as gold reaches over $2,000, I'm betting gold will tank to about $800.

I was in a jewelry store and asked why I didn't want to buy gold. I told her I think gold will tank in less than a year. She responded that even if true, gold jewelry will stay high until jewelry bought with today's gold is sold. Why would anyone buy gold jewelry for almost three times its current price? :dunce: So custom jewelers, new stores and those with JIT inventory will only survive if that happens? Mentality like that is why I think gold will tank. Gold isn't magical, idiots!
 
OGEvilgenius

OGEvilgenius

Well-Known Member
Winter Woman said:
Easily 100. A couple of weeks I was flipping between cnbc, bloomberg and fox business when I noticed that for just a moment that the dow, nasdaq, most of europe, oil, gas, n. gas, silver and gold were all down. Then snap it changed in a heart beat.

Where do you go when everything goes down?
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Whichever currency people are flocking to. In this case it's been the US dollar. Be liquid when things are cheap, buy them up for pennies on the dollar and be in position to leverage yourself hard into commodities if you really want to roll the dice. Or simply just invest your liquidity back into the commodities markets when things recover as they have tangible real value. Food, oil, metals etc. Some companies will be in position to do well also. Although ultimately this is all contingent on the system itself staying afloat and it is in a very precarious position.

When crashes occur it's due to people liquidating to pay back debts primarily. So the demand for dollars rises (as you need them to pay back your debts a lot of times).

You can get into derivatives (ie: shorts etc) as well, but I don't like to play in those markets as they typically are highly leveraged.
 
UncleBuck

UncleBuck

Well-Known Member
Canna Sylvan said:
I think this is all a ploy, like the housing bubble, to get people to buy precious metals. As soon as gold reaches over $2,000, I'm betting gold will tank to about $800.

I was in a jewelry store and asked why I didn't want to buy gold. I told her I think gold will tank in less than a year. She responded that even if true, gold jewelry will stay high until jewelry bought with today's gold is sold. Why would anyone buy gold jewelry for almost three times its current price? :dunce: So custom jewelers, new stores and those with JIT inventory will only survive if that happens? Mentality like that is why I think gold will tank. Gold isn't magical, idiots!
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gold will tank.

and austerity is the solution, just like i am marie of romania.
 
mame

mame

Well-Known Member
And gold will drop when real interest rates sustain a trend towards positive (as opposed to negative) rates. As long as real rates are at or below zero, gold will remain high as far as I can tell.
 
mame

mame

Well-Known Member
kelly4 said:
Socialism has proven to be so much better?
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Did you know that one of the countries being forced into austerity, Spain, actually had a budget surplus of 2% of GDP and a net debt of 27% of GDP in 2007 (for comparison germany had a 50% debt to gdp ratio and a .5% surplus)? This has little to do with socialism. Europes woes are tied to the competing interests of member nations and a one size fits all monetary policy that helps Germany and hurts just about every other member nation. In fact, there is NO discernible correlation between size of government prior to the crisis and the severity of the downturn...

Advocating austerity is nothing short of forcing an ideological agenda of smaller government at all costs down the people's throat. It's not about the debt, or the deficit and it's not about employment or lack thereof. If it was about those things, then they wouldn't be pursuing austerity - because austerity addresses NONE of those problems. austerity only worsens the burden of debt and hampers growth. here's an important concept you should consider: FEEDBACK LOOPS.
 
kelly4

kelly4

Well-Known Member
mame said:
Did you know that one of the countries being forced into austerity, Spain, actually had a budget surplus of 2% of GDP and a net debt of 27% of GDP in 2007 (for comparison germany had a 50% debt to gdp ratio and a .5% surplus)? This has little to do with socialism. Europes woes are tied to the competing interests of member nations and a one size fits all monetary policy that helps Germany and hurts just about every other member nation. In fact, there is NO discernible correlation between size of government prior to the crisis and the severity of the downturn...

Advocating austerity is nothing short of forcing an ideological agenda of smaller government at all costs down the people's throat. It's not about the debt, or the deficit and it's not about employment or lack thereof. If it was about those things, then they wouldn't be pursuing austerity - because austerity addresses NONE of those problems. austerity only worsens the burden of debt and hampers growth. here's an important concept you should consider: FEEDBACK LOOPS.
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I didn't force them to be a member nation, nobody did.
 
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